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From London to Zagreb. Vítka's CPI sold European real estate for two billion

The real estate group CPI Property Group (CPIPG) of Czech billionaire Radovan Vítek announced on Wednesday the completion of the sale of three properties in Britain, Poland and Croatia.

CPI Property Group reported record financial results for the first half of the year

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the six-month period ended 30 June 2021.

CPIPG is leasing an additional 1,000 m² of office space in the MAYHOUSE building.

A total of 1,000 sqm of office space in the Mayhouse building in Pragueʼs Pankrác district has been leased to two new tenants: RTB Media and Capgemini Czech Republic.

CPI Property Group sells a majority stake in its facility management in the Czech Republic to M2C

Before the end of 2020, a new form of cooperation between CPI Property Group and M2C began. Facility management, which the CPI Property Group has so far provided for most properties, will now be managed by M2C. At the same time, it welcomes employees from the current facility management division in CPI Property Group.

Wolt and the Kantar agency are moving to the Bubenská 1 Palace in Holešovice, which belongs to CPI Property Group

From September, the Wolt delivery service and the Kantar research agency will move their headquarters to the Bubenská 1 palace in the First Republic, which has undergone reconstructions for more than a billion in recent years. The WPP group has already chosen the building as its headquarters for its marketing, advertising and PR agencies. Bubenská 1 belongs to the portfolio of the real estate investment group CPI Property Group, which is the largest owner of office space in Prague.

Albatros Media is moving its offices to new premises from CPI Property Group

The largest publishing house in the Czech Republic, Albatros Media, a.s. is moving to new offices. It will occupy almost 2,200 m2 in the Mayhouse building on Prague's 5.května Street. The publishing house will operate at the new address from September 1, 2021.

CPI Property Group: The reconstructed First Republic Palace Bubenská 1 has been approved

The more than a billion-dollar reconstruction of the functionalist building known as the Palace of Electrical Enterprises is almost complete. The unique building in Prague's Holešovice, which was originally completed in 1937, was successfully approved. Marketing, advertising and PR agencies, which are part of the multinational company WPP, will soon move into the renovated office space. The company, which will occupy almost 2/3 of the building, is now starting to prepare and implement its future offices. The Bubenská 1 project is one of the largest and most technically demanding reconstructions of a listed building in Prague.
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